2018-7-18 20:07 |
The price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday.
In December, Lasry expressed regret about not buying bitcoin sooner, saying he should’ve purchased the cryptocurrency when it was at $300 just a couple of years ago.
Bitcoin lost more than half its value in the first six months of this year, according to data from Coinbase.
However, the price of bitcoin spiked Tuesday, with pundits saying the jump had more to do with technical levels than any other catalyst.
In addition to running Avenue Capital as chairman and CEO, Lasry owns a stake in the NBA’s Milwaukee Bucks.
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